These 2 days, tecguan's share price shot up more than 60%. Surely got contra players follow. So, after T + 3, you will see that volume will be lesser than 50,000 units a day.

Good morning, everyone. FYI, yesterday's afternoon session from 2:30pm till 5pm, less than 120,000 units of tecguan shares transacted. I expect today's volume will be lesser than 100,000 units unless those contra player see no KANG TAO, then, they sell off. Hold your stocks tight... After the release of freezing, RM2 & above coming... stay tune...

If next quarter's result is RM6,000,000+, everyone holding tecguan, please expect price SHOOT UP ABOVE RM3.50.

Anybody observe or not SALES for Tecguan has achieved RM196 million in 2 quarters compared to RM125 million in the last year's 2 quarters. That is 56.8% sales growth. I don't know how tecguan can do it with such HUGE SALES JUMP. This is historical high's sales growth. Also profit is historical high. Profit margin with current CPO price also historical high.

I expect coming quarter's result at least maintains RM6,000,000+ or even better. Why? Current quarter's CPO for May, June & July 2016 is averagely RM2,500. But for Aug & Sept 2016, average CPO price is above RM2,600. That is 4% extra the selling price.

On top of that, average RM for May, June & July 2016 is RM4.03 over $1 USD (lowest RM3.91 & highest RM4.15), but for Aug & Sept 2016, the average RM over $1 USD is RM4.06 (lowest RM3.98 & highest RM4.15) with most of the days above RM4. So, in the coming quarter, expect more forex gains for Tecguan.

If there is any price retracement for Tecguan, a good chance to TAMBAH...

How much TecGuan worth?

(a) For the last 4 rolling quarters, earnings is RM9,920. If 10 times PE, this company is worth RM99,200,000. Share should reach RM2.47 at RM99,200,000.

(b) Now FY 2017, 2 quarters already made RM7,663,000 profit. Looking at the CPO price constantly above RM2,600, assuming next 2 quarter's result with each quarter RM3,000,000, total profit tecguan can make in FY2017 may reach RM13,663,000. With 10 times PE, Tecguan's
market cap should be RM136,630,000. Share price should reach RM3.40. Today's share closing price is at RM1.78. There will be almost 100% potential profit to lock in buying at RM1.78.

(c) If look at NTA per share, TecGuan has RM2.46. So, at RM1.78, the price/NTA is at 0.72, still worth to buy. I personally buy in at RM1.78 (late comer). Hopefully i still can make handsome profit.

(d) Tecguan is one of the palm oil company (major sales in palm oil) with very little debt. Current asset alone almost can cover all debts. Very seldom palm oil company can have this balance sheet. Check yourself.

(d) Although Tecguan is a small market player, it supplies palm oil to international customers inclusive of nestle, novartis, cardbury, M&M Mars, Gerkens, & EDF and its own brand name Majulah

(e) Major shareholder owns 59.8% share.

(f) Palm oil reaches maturity stage at 14 years. This is the most productive time till 18 years. So, with strong CPO, more good news can come for Tecguan

(g) This quarter Tecguan can earn extra RM1.6 million income from foreign exchange. As long as RM is weakening against USD, Tecguan is just like export counters (furniture industry & glove industry), enjoys more income.

I would expect Tecguan will reach RM2 very soon. By end of December, Tecguan may break new high above RM2.21 hit at 12th January 2016.

Time will tell.

I just bought in at RM1.78. Wish me good luck... and all holding tecguan good luck...

2 days limit up 30%. Still ok. FGV also run up 80%+ from RM1.30 till RM2.42. If tomorrow tecguan limit up 30% again at RM2.31, then, this stock can apply for Malaysia's Share Guinness Record. In 3 days, price shot up above 100%.

Sorry, name wrongly, I should say TQ to Momozaza.

Thanks, Alpha Trader. Yes, I see the web page of investing.com

Thx, BWC. Can I know where you get this 4Q15 GDP figure 6.8%? I access Baidu & only can find out that China's 2015 GDP is 6.9%

superman coming???

TRAP TRAP TRAP.....

c8 ?????????? can buy ????????? price not UP...

How come c8 price is not up??????????

BWC, be convicted. Still got valuecap RM20 billion... on top of that, now foreign holding on KLCI is very less after 2015 selloff with over RM18 billion.

From 29th December 2015 till 8th Jan 2016, DOW has dropped 1374 points from 17,720 to 16,346 or 7.75%. What happens to Supermax's stock? At 30th Dec 2015, Supermax's price closed at RM3.17. At 9th Jan 2016, Supermax's price closed at RM3.44. So, Supermax's price was UP 27 cents.

KLCI at 31st Dec 2015 closed at 1692. At 11th Jan 2016, closed at 1637. From 31st Dec 2015 till 11th Jan 2016, KLCI dropped 55 points or 3.25%. Supermax's price still stands firmly.

Does DOW & KLCI index really have great impact on Supermax's price?

In 2014 till July 2015, there were 3 times revised gas tariff price and the largest gas tariff hike is at 14th April 2014. With this huge increase, glove makers are still able to make huge profits. Moreover, now USD is RM4.30 against Malaysia's RM and raw material's cost are cheap. Therefore, the impact is already neutralized. On top of that, now most glove makers emphasize on productivity or production's efficiency with full automation. Also, the dependence on gas is lesser with the set up of bio-degradable power plant. The article I posted from Nanyang stated clearly that Harta, Topglove and Supermax have set up own bio-depgrable power plant besides their factories to reduce dependence on gas.

（吉隆坡22日讯）大马天然气（GASMSIA，5209，主板贸服股）宣布，明年1月1日起，上调非电力领域天然气供应价格，平均涨幅17.11%，不过家庭用户则不受影响。

该公司向马交所报备，配合全国合理化计划，每6月检讨一次的天然气成本转嫁机制（GCPT），明年起，非电力领域的天然气价格，平均从每百万热能单位（简称MMBtu）21.80令吉，上涨到25.53令吉。

根据该公司文告，A组客户即家庭用户的天然气价格维持不变，其余B组至L组的天然气售价，都各有调整。

该公司上一次调整天然气售价，是在6月8日。

大马天然气上调天然气的售价，料将冲击旗下各行各业700多家客户，尤其是手套、饮食加工、油脂化学加工和原棕油提炼等领域客户。



手套业冲击微

InterPacific研究主管冯廷秀接受《南洋商报》访问时预测，各种消费品的价格，也将随着能源价格上涨而调高。

无论如何，他指出，手套业者料不会受到太大的冲击，因为大部分手套业者，现在都在本身的手套厂附近设立了生物燃料发电厂。

他说：“手套业者无疑将受到天然气价格上涨的冲击，但相比以前，现在没有这么依赖天然气。”

他举例，大马天然气的客户之一贺特佳（HARTA，5168，主板工业产品股），本身就有生物燃料发电厂，减少了对天然气发电的依赖。

他补充，政府有奖掖发展生物燃料发电厂，所以，其他手套业者包括顶级手套（TOPGLOV，7113，主板工业产品股）和速柏玛（SUPERMX，7106，主板工业产品股），也都设立了生物燃料发电厂，减低对天然气的依赖。

From Nanyang Newspaper

Whoever read the financial report of Supermax should realize that Supermax has successfully installed new production line and refurnished production line. That means the plant 10 and plant 11 are gradually in operation. No more delay till next year. Latest report not only showed great gain from currency, but also operational efficiency. Everything good news coming and coming.

Good explanation, Zbaikitree. Yes, move on...

Please read the latest quarterly report. The report said Johotin is in the completion of building new F&B factory for milk powder and soon production of milk powder will be increased substantially. This is one of the main reasons why Johotin's share shoot up a lot. There are many times a good counter will report one not-so-good quarterly report that can't match investor's expectation especially price shot up a lot. But if you realize that the production will be increased hugely and you must have patience, you will be rewarded accordingly. So, I do not think so price will crash down hugely. Price will likely stay at RM2.60 & above. At RM2.60, there are over 6 day's price consolidation there. Good night.

Sorry, not 2 things, in fact, it is 5 things.

Today I cut loss all my Xinquan holdings. I found out 2 weird things to share with all.

1st, Xinquan's CEO mainly & top management guys obtain over RM10,000,000 annual income. Year after year, these people have salary increment greatly. So, if Xinquan's CEO don't sell off their shareholdings, they are OK. In XDL, Maxwell, Kstar, CAP & Msports, all these CEO & top management obtain less than RM5,000,000 annual income & some even lesser than RM2,500,000 annual income. What this indicates? Even without dividend given to shareholders, these top guys are OK financially.

2nd, it is said that GERTOP is one of the top 3 brands in China. But result may not be so. I found out that Taobao.com, other china top internet online shopping website got sales recorded for every brand. GERTOP in fact just got a few items hit over a few hundreds shoes or clothes sold. When I compare with Camel brands or other brands, other brands got thousands same type of shoes sold.

3rd, If Xinquan really got cash over RM700 million or over RM1.70 cash, it does not make sense at all for the top shareholders & CEO to sell off their warrants at 10 cents. After all, the conversion rate for warrant is RM1 + 10 cents = RM1.10.

4th, why wait till recently give 2 cents of dividend after the 10% private placement? Is it using the private placement cash to pay for the 2 cents of dividend?

5th, In China, I saw brands like Camel even has to do a lot of promotion to get sales done at better result. How come GERTOP brands can consecutively without stop to increase its selling price quarter after quarter without stop from 3 years ago till now? Is the brand really so attractive? If so, how come China online shopping's figure does not support what it says?

To all still hold Xinquan shares, GOOD LUCK. I abandon this ship liao.

Cheers...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4752997

Whoever sceptical about Xinquan's CASH is real or not, please visit Xinquan International's website. Click investor relation. Next click news clipping. Next click 24th May 2010 article issued by The Edge Newspaper. The title was "Sceptical Despite Spectacular Results".

In this article, Xinquan appointed (a) external auditor Grant Thornton to check the company's quarterly result EVERY QUARTER. Quarterly Audit exceeds company's requirement of annual audit. (b) Xinquan's board instructed the auditor to confirm the bank accounts with the company's banks in China EVERY QUARTER. This also goes beyond audit practices in other companies.

So far, from I have seen with Kstar, Msports & XDL shoe making companies, all their major shareholders have sold out their shares after listed on KLSE. But for Xinquan, its major shareholders from listed June 2009 till today April 28th, 2015, I have not seen them selling their major shareholdings. This is UNLIKE other shoe stock counter.

Comparison: So far, in 2012, there were 2 stocks listed in Hong Kong, named China Outfitters (COH) & Active Group Holdings (AGH). These 2 stocks until today listed in HK, enjoyed more than 6 times PE. These 2 stocks' sales are relatively similar like Xinquan. Therefore, if Xinquan is quited with PE 6 times, the stock could be easily valued at estimated EPS 2015 RM0.40 x 6 = RM2.40. Even if Xinquan is valued at 4 times, the share price can be easily quoted as RM0.40 x 4 = RM1.60.

Conclusion: As long as you have the holding power, just buy & keep it for another 3 years. This stock will likely move up to at least its cash level RM1.60 or 4 times of PE.

DOWN TODAY... expectation not matched...

To those Evergreen shareholder still sceptical about the future prospect of Evergreen, if you are free, please check through quarterly report of Latitude. It stated clearly in the latest quarterly report that raw material cost is increasing, which means that price for logging, particleboard & MDF board is increasing. Why I said so? These are the raw materials needed for furniture industry.

FYI, Latitude is considered the largest furniture manufacturer among Pohuat, Liihen, eurosp, etc.

To those Evergreen shareholder still sceptical & uncertain to sell or buy, let me give you more confident to hold...

When a share is near its strong support line, do you want to buy or sell? A rational answer should be to BUY, right? Now Evergreen is near its strongest support line at RM0.50 to RM0.52, why you have worry to sell?

Next, if you look through the chart, you will realize that for a market maker to make huge lumpsum money, market maker at least has to push up the share price 50% after this stock has been consolidated since December 2012 with price ranged from RM0.45 to RM0.68. Why? Even market maker holds the share, the money that in stocks still has opportunity cost & borrowing cost. Do you think that with RM0.52 to RM0.66 or 20% gain, market maker is satisfied & sell off all its holding? Answer is obviously NOT.

In short, do you have confident that this counter's future prospect is as bright as what management said in the commentary of prospect as I posted earlier? I believe so after checking with other counters like Hevea, Mieco, Vanachai, Norbord, global economic growth's forecast from IMF, etc.

Best buy NOW...

wongchowsang, be patience. Investing is not like buying a toy. It is like buying a house. We do not expect to sell off our house after 1 or 2 months, right? Why this quarterly report is so huge losses? Well, let me give you some confidence on that.

Evergreen has faced raw material's high price during 2010 & 2011. So to avoid this, this company moves up vertically, meaning that its management does its best to secure the raw material partly itself. In fact, it also has its own adhesive production that needs to do as raw material for MDF & particleboard.

So, in 2012 & 2013, if you check the timber industry, the timber is sold at good price and as a result, incur losses. But this is just one-time-off event, be calm. As long as you do not sell & the future prospect of Evergreen is still intact, you can get back what you lose right now.

A good news to share with you all who choose to hold on Evergreen's stock like me.

Globally, those companies doing MDF board usually total debts are much higher than current asset. A quick check with Vanachai, Norbord, etc will give you a better view on what I said. Remember, it takes a long time to reduce debts. Therefore, if you look through Evergreen's financial statement, you will realize that the total debt is just slightly over Evergreen's current asset which means that although this company faces huge losses on log concession, its financial statement is still alright.

Moreover, it takes very long time to build up a company's NTA. Evergreen is listed on KLSE since 2005 with NTA 70 cents+ with IPO price RM1.04. It takes 9 years to increase its NTA from NTA 70 cents+ to NTA RM1.52 now.

So, market maker just needs to wait a good quarterly report to push up the share price & then people will chase after it. With NTA RM1.52 & still low debt although incur huge losses, I choose to hold...

Why selling is huge? Because technically when it breaks below 60 cents, those buyers like me (I choose to hold) whom bought at RM0.60 to RM0.67 will sell their shareholding. When it breaks below 56 cents, those buyers buying from 56 cents to 60 cents SELL. That is why selling is huge.

I respect the market maker although I pay huge paper charity to them because they really know how to manipulate share market with people's fear & greed. I salute them. Anyhow, I believe in the coming 1 year, global economic growth is still sustainable. I choose to hold my share in Evergreen.

Cheers...

When everybody is afraid & sceptical about the result, fear creep in & most people throw away their shareholding, that is the most despair moment. A contrarian said this is the best time for me to go in... too bad, no bullet...

To those still hold the share & uncertain to cut loss or not, let me reassure you that if you have holding power, do not sell.

Why I said so?

Evergreen's sale is particleboard & MDF board. What is the difference between particleboard & MDF board? You can google to check more details. Over here, I just said MDF board is a much better board with price higher than particleboard.

So, Evergreen's sale is the combination of 25% sale from particleboard & 75% sale from MDF board. Now as you all know, sale from particleboard is very demanding, that is why Mieco & hevea has stronger positive result.

How about 75% sale for MDF board? Well, In Malaysia, we do not have big MDF producer. So to make a comparable situation, let us look at Vanachai. Over 50% sale of Vanachai is from MDF board. In the QTQ report from Vanachai, it stated clearly that MDF price has increased since Q3 2013. In fact, concurrently, Evergreen's report in Q3 2013 also stated more positive comment. In the Q2 2014, Vanachai achieved incredible 34% sale growth with 59% from particleboard & 10% growth from MDF board due to average selling price of MDF is up 10%.

What does this all mean? It means that global economy is growing & this is good for particleboard & MDF board. IMF also forecasted economic growth worldwide is about 3% in 2014.

Now, to me, Evergreen is a good buy timing instead of sell timing, but too bad, I have no extra bullet to load more Evergreen's stock as I bought at 65 cents to 66 cents. For those of you still have the share, my suggestion to you all is HOLD. For those of you still have bullet, now is the time to average down your costing.

Cheers... Hope this detailed explanation give you confidence to hold this stock...

For those who still hold Evergreen & not sure to hold or to sell, allow me to say some good news for you & after that, you decide to sell or hold. The following 6 statements are exactly what future prospects said by Evergreen's management. After you read through the 6 statements, you decide to hold or to sell.

Q1 2013 Commentary of Prospect: The world economy continues to face challenges on uncertainty derived from on-going Euro debt crisis and most countries' monetary easing policy. The fluctuation in USD and uncertainty of the Global growth has direct impact on growth of worldwide MDF demand. Despite, the intensive regional competition caused by additional regional production capacity of MDF from Thailand, Vietnam and Indonesia, the Group will continue to reduce cost of production with a tight cost control through-out the Group. The Group aims to overcome the impending challenges to achieve a satisfactory performance in the next quarter.

Q2 2013 Commentary of Prospect: The confidence on US economy has stepped up. However fears on the impact of slowing growth and liquidity Crunch in China; worsening current accounts and rising of private debt/GDP ratios in emerging market, dampened the sign of a synchronized global economic recovery. The global growth remains the major factor that is affecting worldwide MDF demand. However, the strengthening of USD should bring favourable result to the Group. Despite, the intense competition caused by additional regional MDF production capacity from Thailand, Vietnam & Indonesia, the Group will continue to have tight cost control through-out the Group.

Q3 2013 Commentary of Prospect: The forthcoming quarter remains very challenging for the Group. The increased capacity from regional competitors of the newly setup MDF production lines in Indonesia, Vietnam & Thailand and coupled with global economic uncertainty and the civil unrest in the Middle East countries have seriously impacted the pricing and demand of MDF products

Q4 2013 Commentary of Prospect: Global economic growth is expected to be moderate in 2014 and with improvements of civil unrest in middle east that will contribute a gradual increase in the global MDF demand. Besides focusing on marketing strategy on added value products the Group will continue to pursue its effort on productivity, efficiency and cost control measures.

Q1 2014 Commentary of Prospect: Along with the improved global economic growth & stabilization of civil unrest in the middle east, the global MDF demand is expected to be gradually improved. Besides focusing on marketing strategy on added value products the Group will continue to pursue its effort on productivity, efficiency and cost control measures.

Q2 2014 Commentary of Prospect: Based on gradually improved global MDF demand and slow rise mode of pricing demand and slow rise mode of pricing coupled with the Group's continuous efforts on cost control measures, maximising productivity, equipment enhancements and automation on manufacturing processes, the Board is optimistic in achieving improve results in teh near future

Strong support at 56 cents to 58 cents. Again, as I said earlier, this time's huge losses is due to

(1) Malaysia's production major upgrade (do not forget after automation, profit margin Shoot up)
(2) Thailand's major production maintenance causing MDF sales dropped (again, this is one-time-off event)
(3) Huge loss on log concession causing Malaysia's operation having over RM18 million losses (again, this is one-time-off event)

Good news is I see the comment from Evergreen's latest prospect saying:
(1) Gradual global increase on MDF demand
(2) MDF price also increases as we all know already
(3) Upgrade on automation of manufacturing processes
(4) others

Lastly, management said it is optimistic in the near future achieve better result. I choose to hold.

I check through some manufacturing counters. Earlier before skpres has a good run up, in fact, it reports very bad quarterly result & so the price shoot down a lot. Even MPI also has the same problem with poor result. But when good result comes out, the price will shoot up a lot.

For short-term player, u better out on Tuesday. For long-term player like myself, I choose to hold for at least 1 year. Let me see my prediction is right or not. After all, I see from KLSE report that over the last 3 years, more than 70% major shareholders never do any changes on selling their stocks, inclusive of LTH.

Cheers...

Yes, MG9231. I agree with you. Short-term share market is a voting machine. Long-term share market is a weighting machine. I choose to hold it for 1 year.



If the result out is very bad, assuming currency exchange got huge losses like what happened earlier in 2013, causing a quarterly loss RM7,000,000, I still choose to hold because currency is one-time-off event.

In the coming result, based on earlier report, Evergreen will likely say that middle east market is unrest again & this may affect sale in that region. But I am not that concern because as I told earlier, the unrest country is Iraq, Bahrain, Palestinian & Syria. All these countries are low income per capita. Middle east rich countries are still OK like Saudi Arabia, Egypt, etc. Moreover, there is a mutual agreement signed between Palestinian & Israel for peace yesterday.

Even now the result out very good & price shoot up to RM0.87 in a very short time, I am not going to sell, because I believe this stock worth more than that. NTA is RM1.57. Still got big room to boost up the share price.

Cheers...

From RM2.80 to RM3.50 rally, many people get caught by market maker. Tomorrow???

To those who know the result of Mudajya, I posted the same day saying that price may drop to RM2 before any price movement. If you really take cut loss action, then you should cut at RM2.40 the next day after quarterly report's announcement. So, you can easily save (RM2.40 - RM2.22)/RM2.22 = 8% money. In business world, when you know things are getting worse, do not wait till worst, worse is OK liao, OUT.

Now after seeing price dropped to RM2.22, it is quite difficult to cut loss because RM2.20 may be the support point, but if this support point breaks, next is RM2. If RM2 can't sustain well, then RM1.50 is the best entry point to buy, not to sell.

As reported by PublicInvest & others, likely coming 2 quarters report will not be good & if in November 2013, the 3rd quarterly report out & still no news on India's project, I believe RM2.20 is not sustainable. RM2 is more realistic. If RM2 can't hold well, the rest is history..

Good luck...

Regardless of how short-term market looks like, hold this stock for 1 year. I am sure RM0.87 is achievable. Why? Particleboard & MDF price has been moved up globally 10% from the low point.

From Hevea's report & Mieco, both counters encounter high profit margin in the latest Q2 report 2014. Hevea's profit margin for particleboard is 9.47% in the latest quarter, up from 5.52%. Mieco turnarounds from loss making to make 1.44 cents in Q2 2014.

In international market, Vanachai from Thailand enjoys 34% sales growth in particleboard in Q2 2014. FYI, Vanachai share price has been moved up from 2.56 low in November 2013 to 8.7 in today's closing price.To those who do not know Vanachai group, this stock is the largest MDF & particleboard manufacturer in Thailand. Over 80% sales of Vanachai group comes from MDF & particleboard. This stock is exactly Evergreen's competitor.

Imagine today you spend RM500,000 to buy a condominium from developer & this condominium is in construction progress. After bought the house, within 1 week, you tell to the developer I want to sell the house without OC obtained. How can a person change his/her mind so fast in buying property? Answer is usually NO.

Yes, in share market, trader trades thousands of money & without a trading plan, can change so fast.

Alex Chan, thx for your advice. If the share price drops below RM0.615, yes, you are right, temporarily, this stock has to take a break before next movement. I decide to hold this stock for at least 1 year looking at the trend of particleboard & MDF price is in uptrend.

Again, I explain here not asking anybody to buy Evergreen fibreboard. I personally bought back some at RM0.65 & RM0.66. I decide to hold this stock & keep in safety box for 1 year to see my prediction is right or not.

Cheers...

To all evergreen investor. Allow me to say sorry for oversaying the bad consequence of legal suit's claim. I personally called up to Evergreen officer & the person-in-charge said Evergreen's appointed lawyer has good grounds to win from the legal suit's claim. She told me in details that was not published legally on Bursa & not nice to say over here due to information leaking clause later on fined by the nice person in charge.

Moreover, Evergreen not only defend themselves, they counterclaim back to the plaintiff, Naza Industries Sdn Bhd.

Now the legal suit's claim is not my concern at least temporarily. Now let us look back to the fundamental of Evergreen. Yes, I buy back some at RM0.65 & RM0.66 & I decide to choose to hold on this stock as early recovery is on...

Cheers...

Hi leon7. Where can you get the latest shareholding changes' report on Mudajya? I look for it quite sometime. I ask my Maybank brokerage firm & they said usually only fund manager can access this information. Do you know any link or brokerage firm provides this information?

Thx, leon7 for informing the latest info. 40% owned associate with USD 118 million assume RM3.20 over USD $1 is 0.4 x USD 118m x RM3.20 = RM151.04 million. This is something good news for Mudajya but I am afraid that looking at the current on hand construction jobs lesser & lesser, the coming quarterly result may not sound good again. Long-term holder with over 1 year+ should be ok.

Price may drop till RM2 before any rebound. More stronger support is at RM1.60

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1720561

Tornado coming...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1714021

As I attached file above, upon receiving the court case at 25th April 2014 per attached above, evergreen's share price dropped 4 cents from 56 cents to 52 cents. So the latest claim development said that Evergreen must reply latest by 25th August 2014. This statement is issued at 19th August 2014. At 20th August 2014 onwards till now, the share price is in downtrend. Obviously, market maker starts to throw away their shareholding. Usually when a price drops and in the uptrend mode, volume should not be so high everyday except market maker does it.

Tonywong8, I believe evergreen is in the recovery stage but if this claim really happens & cost over RM40,000,000, the share price will likely drop to RM0.56 or worse still, RM0.52. Be careful the trap of market maker. Technically, MACD crossover happens. I do not dare to bet & cut loss.

If there is a legal settlement paid by evergreen to Naza industries sdn bhd & this payment is in the coming quarterly report, the share price can easily drop to RM0.56 or RM0.52 because the one-time off losses of RM40,000,000 or discount 50% RM20,000,000 is over 5 cents to 10 cents.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1605385

Evergreen is facing a legal suit under its subsidiary EHR and the claim amount can be over RM40,000,000. Seem like uncertain.

2nd quarter report is not good. Got RM6 million+ compensation from fire claim lar... exclude this, no eye to see the result. operating cost increased substantially due to over 6 million expenses on new recruit + bonus etc.

If tomorrow opens with good price, better cabut...

Result out... only 3.9 cents, lower than last year... So tomorrow's share price?

Report come out... keep on delaying Crystal Lagoon's project from end of 2013 till now end of FY 2014. What come next?

Cut loss at RM0.60. Although Mieco report good result, but I am quite sceptical about Evergreen's turnaround. Why? About 40% of Evergreen's sale come from middle east & in the last 2 quarters, it said that middle east is getting stable & outlook better. But since June 2014 onwards, there are too many events happened in middle east. I checked through Mieco sales report. Mieco used to enjoy RM7 million+ sales in middle east but also dropped about 12% in the latest quarterly report.

In the last 6 years' annual report, Evergreen has been steadily growing its business because its main focus is middle east. That is why middle east sales has increased steadily from 10%+ to 40% of total sale. So the coming report should be OK OK only. Future outlook is not really bright yet.